If the market appreciates even a conservative 3% each year, you're home will be with $636,000 in two years.

Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) Historic Preservation Tax CreditsYou can receive a federal income tax credit equal to 20% of the costs associated with rehabilitating the building.

I think your numbers on rents are solid, depending on where they are you could see 795, but conservative underwriting at 695 is right on track.

We are, conservatively, about 10 years from retirement age.

Even at a conservative rent rate, this thing will easily cash flow as is, all day, everyday starting on day 1 not on month 61 like your example.

Not a good reason to hold a property unless it is appreciating significantly.If you have a financially better use of the property that's more or less proven using conservative estimates, then that's probably what y ou should do.

At 39 units, using today’s rents and conservative values the cap rate could be as low as 4%.

I guess I'm more conservative.  

I had one person say that was overly conservative, but others think that's about right for being in the north Battle Ground area.   

Below is a 5 year chart of best, average and worst outcomes for home prices (depending on who you are of course) from Fannie Mae, our more “conservative” price forecaster.